The Flow (FLOW) coin is attracting investor interest as its on-chain market continues to pick up fresh momentum, according to a revelation disclosed today by financial analyst Crypto Patel. As per the data posted today, the cryptocurrency has developed a clear bull structure and is displaying a strong upside move.
The FLOW coin, which is the native token of the Flow blockchain network designed for powering high-throughput consumer applications such as NFTs, games, and media utilities, is showing a clear bullish rebound momentum after defending its major support levels. As disclosed by the analyst, FLOW’s market structure gradually shifts towards bullishness, favoring buyers and suggesting strength is developing underneath the surface.
What The Bullish Structure Means In FLOW’s Market
Today, FLOW trades at $0.03311, after gaining a 1.85% rise over the past 24 hours. Its price has also been up 5.2% over the past two weeks, confirming a bullish market structure formation that has successfully cancelled sell-side liquidity. Since last month, March 30th, the crypto asset neutralized its downtrend that started on March 11, when it was trading at a high of $0.06512 and dropped to a low of $0.02847, noticed on March 29, a decline of 56.3%.
Since March 30, the asset has settled on a well-established support level at $0.02852, pointing out a strong demand zone where buyers began stepping into its market, pushing the price to higher levels as highlighted above. This type of movement shows FLOW is holding firmly while setting up a strong foundation, which normally comes before a stronger price breakout.
FLOW has climbed 9.8% this week, making its price rise above the $0.03303 resistance level as demand remains steady, with buyers entering the market amid what they consider a market dip. The weekly chart shows that FLOW is forming a clear bull flag pattern, signaling a continuation of the upward trend. The asset currently trades above the $0.03303 mark, which functions as a key resistance level, indicating a breakout trigger towards $0.03948 – a potential 22% rise – is upcoming. The $0.03303 level traditionally attracts strong demand, as technical analysis revealed.
FLOW Accumulation Momentum Builds
The Flow token has recorded a strong recovery after a prolonged period of slow movements, which has now been followed by an accumulation phase. This behavior shows strong early demand with clear support holding a bullish structure. The setup of the bull flag structure signals a continuation of upside movements as sellers lose control, with the altcoin showing bull momentum as buyers return into the market and market confidence improves.
